{"id":67537,"date":"2023-10-01T10:46:08","date_gmt":"2023-10-01T14:46:08","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/mccarthy-to-face-challenge-to-his-speakership-this-week\/"},"modified":"2023-10-01T10:46:11","modified_gmt":"2023-10-01T14:46:11","slug":"mccarthy-to-face-challenge-to-his-speakership-this-week","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=67537","title":{"rendered":"McCarthy to Face Challenge to His Speakership This Week"},"content":{"rendered":"
\n

House Speaker Kevin McCarthy (R., Calif.) will face a challenge to his own leadership from his own party this week when Congress returns after averting a government shutdown.<\/p>\n

Rep. Matt Gaetz (R., Fla.) told CNN on Sunday he will present a motion to vacate the speakership, a procedure to force a vote in the chamber on whether to remove McCarthy.<\/p>\n

\n

\u201cI do intend to file a motion to vacate against Speaker McCarthy this week,\u201d he told CNN\u2019s State of the Union<\/em>. \u201cI think we need to rip off the bandaid.\u201d<\/p>\n

Gaetz and some other Republicans are angry that McCarthy did a last minute switch on Saturday after several days of trying to push an extension to government funding through his own caucus. After several failed attempts and with Saturday\u2019s shutdown deadline looming, McCarthy pivoted to a continuing resolution that garnered enough Democratic support push it through.\u00a0<\/p>\n

President Joe Biden signed a bill late Saturday evening, keeping the government open and giving Congress 45 more days to agree to a longer term solution.<\/p>\n

Gaetz told CNN that McCarthy turned his back on his own party. \u201cSpeaker McCarthy made an agreement with House conservatives in January and since then he\u2019s been in brazen, repeated material breach of that agreement,\u201d Gaetz said, referring to agreements McCarthy cut with the hard-liner Republicans earlier this year to win the speakership on the 15th ballot.<\/p>\n

But Gaetz\u2019s move would require 218 votes to succeed, a threshold it isn\u2019t clear he could achieve. Gaetz told the news shows Sunday morning that he believes Democrats will \u201cbail out\u201d McCarthy. \u201cIf they want to keep him, then he belongs to them,\u201d Gaetz told ABC\u2019s This Week<\/em>.<\/p>\n

Write to Liz Moyer at liz.moyer@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

House Speaker Kevin McCarthy (R., Calif.) will face a challenge to his own leadership from his own party this week when Congress returns after averting a government shutdown. Rep. Matt Gaetz (R., Fla.) told CNN on Sunday he will present a motion to vacate the speakership, a procedure to force a vote in the chamber […]<\/p>\n","protected":false},"author":1,"featured_media":67538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-67537","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nMcCarthy to Face Challenge to His Speakership This Week | iFintechWorld<\/title>\n<meta name=\"description\" content=\"House Speaker Kevin McCarthy (R., Calif.) will face a challenge to his own leadership from his own party this week when Congress returns after averting a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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